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Question 6 Bridgeport Corporation purchased 1,550 common shares of Nolan Inc. common stock for $15,600 (Bridgeport does not have significant influence). During the year, Nolan

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Question 6 Bridgeport Corporation purchased 1,550 common shares of Nolan Inc. common stock for $15,600 (Bridgeport does not have significant influence). During the year, Nolan paid a cash dividend of $4.40 per share. At year end, Nolan stock was selling for $35.70 per share. Prepare Bridgeport's journal entry to record the purchase of the investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Awet Tiles de Debt investments Cash SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare Bridgeport's journal entry to record the dividends received. (Round answers to O decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Dividend Revenue SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare Bridgeport's journal entry to record the fair value adjustment (Assume a zero balance in the Fair Value Adjustment account.). (Round answers to o decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Acest Title and uplate Click if you would like to show Work for this question: Son Show SHOW USE OF ACCOUNTS LINK TO TEXT LINK TO TEXT Question Attempts of sed ERR

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